If you want to learn how to hire employees for your startup or organization, you need to be aware of 1 of the biggest mistakes entrepreneurs make when they’re hiring people.
I can guarantee that if you make this mistake, you’re going to make your life a lot harder in the process.
How to Hire Employees Video Tutorial:
Why did you get into entrepreneurship?
If you’re anything like me, you want more control over your time, freedom, to make a bunch of money, and to serve your customers in a way that is meaningful and impactful to you.
At one point or another, you begin to realize that you can build your business a lot bigger if you hire other people to do the work for you, right?
If you want to build a million dollar business, what better way to do it than leverage other people’s time to help you grow?
The term for that is OPT (other people’s time) and that’s a smart thing to do.
But this is where the mistake happens.
The #1 Mistake When You First Hire Employees
What ends up happening is a lot of people say to themselves, “I’m going to try to go cheap here” because they don’t want to spend a ton of money.
What they wind up doing is they find the candidate that charges them the least amount of money.
This way, they won’t burn through their working capital and they think this is how they will get the most profit for their business.
But here’s the great irony…
When you hire somebody cheap, they aren’t usually great at what they do.
So what winds up happening? You now have to spend a lot of time managing them and giving them feedback.
Isn’t this the total opposite of that what you’re looking for in terms of the time freedom you want as an entrepreneur?
The Right Way How to Hire Employees
Instead, what I like to do is something that saves both time and brings in more revenue in the process.
You want to hire “A-players”.
This is a management hack where you hire people who are absolutely amazing at what they do.
It’s true that you’ll have to pay them more money than a B or C player.
But guess what happens in terms of your personal time investment as an entrepreneur?
It’s so minimal because they are already experts in what they do.
- You hire them
- Let them loose
- Have them build your business for you
It’s amazing how much time you will save when you follow the right approach.
How Hiring A-Players Leads to Freedom & Growth
This is what allows you to finally sit back and relax.
Yes, you’ll still have to give them a little bit of direction along the way.
Alright, so don’t be afraid to hire an A player and pay them what they’re worth.
It’s simply a great way to free yourself from the need to constantly give people feedback.
You won’t be stressed out when you always manage them and need to fix their mistakes.
It’s true that you’re spending more money.
But trust me, you’re going to make a ton more money and your effective hourly rate is also going to be drastically higher as well.
And when you look at it in the long run, it’s an absolute killer way to make more money.
So please hire “A” players.
Thank you for reading all the way until the end. My name is Steve Nixon. If you want more trainings that will help you scale your business, check out our Strategy Samurai YouTube Channel with more free tutorials.